Apple on Tuesday announced it sold 35.1 iPhones and 11.8 iPads in its fiscal second quarter. Analysts had expected Apple would sell about 30.5 million iPhones and 12.3 to 13.5 million iPads.
Earnings for the quarter were $12.30 a share on revenues of $39.2 billion. Analysts polled by Thomson Reuters had projected a 2Q profit of $10.02 a share on revenues of $36.7 billion. Apple had issued guidance of $32.5 billion on revenues with profits of $8.50 per share. Apple's stock was up about 5% in after-hours trading on the news.
[More from Mashable: Relax Everyone, Apple’s Doing Fine]
The results come after Apple's stellar fiscal first quarter results in January, which included a $13 billion profit on revenues of $46.3 billion.
Shares are down nearly 11% since peaking on April 9, putting the stock in “correction” territory.
[More from Mashable: 14 Weird iPhone Cases You Won’t Believe]
Image courtesy of Flickr, Yagan Kiely
This story originally published on Mashable here.
- Investment & Company Information